I owed bank money on credit card. Account was closed and placed into collections couple of years ago.?
At the same time I started getting calls from a collection agency regarding the same exact credit card debt, who said they bought this debt last year and tried to contact me. At first the guy mentioned amount twice as much as I originally owed (about 5000). Then I mentioned letter from bank and he offered to settle for the same 2500. I insisted, and he will send me a letter with his offer. (which is paying over 6 mo period).
My concern is - whom should I pay? I prefer to pay bank However, will I have a problem with collection agency then? How is it possible that I have two creditors now?
Basically, what should I do? I prefer to pay bank, but how can I get rid of the agency